Dains Praises Benefits of Being a Xero Platinum Partner as Government Pushes to Make Tax Digital
Dains Accountants has shined a light on the importance of cloud-based accounting as the Government pushes for more firms to support its Making Tax Digital initiative.
Dated: 26 July 2018 Author: Michelle Eccleshall, Commercial Services Manager
The scheme is all based around efforts to make sure that all businesses or individuals who pay tax do so on a digital platform and, as a result, put an end to paper accounting.
Michelle Eccleshall, Alan Ollerenshaw and Laura Harwood are urging firms to find out more about the support Dains can offer when it comes to Making Tax Digital.
Dains, which has offices across the Midlands, has found that many of the firms it works with have found that cloud-based accounting packages are proving to be increasingly popular.
As Dains are cloud accounting specialists, the firm can help others make the move to digital accounting as straight forward as possible.
They have a dedicated team to support through the conversion process to what is an affordable and simple option.
Dains also enjoys the benefits of being Xero Platinum Partners. Xero is a cloud-based accounting software package.
Its features include:
- automatic bank and credit card account feeds,
- accounts payable,
- expense claims,
- purchase orders and
- standard business and management reporting.
It can automatically import bank and credit card statements and support multiple tax rates and currencies.
All financial data is stored in the cloud on a single ledger, allowing users to work in the same set of books regardless of location or operating system.
Michelle Eccleshall, Commercial Services Senior Manager at Dains, said “Not only does Xero enable us to offer clients an affordable solution for MTD compliance, it also allows us to work closely with our clients as we can access their accounting data anytime, anywhere from any device."
“The emergence of cloud accounting has added some amazing cost-effective tools, meaning we can help our clients in ways previously not possible. "
“We want to help clients to choose the best reporting tools and improve their reporting processes to help them to work more effectively and efficiently, creating more capacity within their business. Time to work smarter, not harder.”
Although Xero is a package aimed at small to medium businesses, Dains has software specialists for most accounting packages and business sizes.
They currently have 120 clients using Xero and hope to convert a further 200 over the next 12 months.
More information about Making Tax Digital can be found by visiting https://www.dains.com/mtdhub
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